Im looking at the possibility of SPX not making the 5300 CNH tgt and for this DT to be the lead-in for a retrace down to potentially the 4300 area and the yellow TL. TP's and levels are marked. Confluences are the various volume levels and the D1 gaps to be filled along the way.
Holding the VPOC about 4550 would be bullish, in my opinion, so I am expecting a bounce in the gray band area. This is also the breakout for the W1 CNH.
Holding the VPOC about 4550 would be bullish, in my opinion, so I am expecting a bounce in the gray band area. This is also the breakout for the W1 CNH.
